Ichimoku Forex Trade of the Week 7-19-13 : EURJPY Currency

On July 12, 2013, we received an Ichimoku buy signal on the EURJPY currency pair for the Forex market.  The email is shown below:

The chart was setup on a 4h time frame.  The entry was 129.27, initial stop of 128.76, and a preserve mode value of 131.10.   This would give us a max risk of 51 pips and a min. reward of 183 pips.  This would be a min. 3.58:1 reward/risk ratio.

The trade was exited for a profit at 131.50.

 

 

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About the Author Manesh Patel